DUBLIN--(BUSINESS WIRE)--The "Automotive Hydraulics System Market by Application (Brake, Clutch, Suspension & Tappet), OE Component (Master Cylinder, Slave Cylinder, Reservoir), Aftermarket Component, On-Highway Vehicle, Off-Highway Vehicle & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Hydraulics System Market is Projected to Grow at a CAGR of 6.04% from USD 32.13 Billion in 2017 to Reach USD 51.37 Billion By 2025.
Increasing sales of on-highway vehicles and infrastructural development in emerging economies and increasing sales of off-highway vehicles to boost the demand for automotive hydraulics system are driving factors for the automotive hydraulics system market. Whereas, replacement of hydraulic applications with the full electrical system is a restraining factor for automotive hydraulics system market.
The advent of technological advancement in vehicle braking and suspension system and the advanced electro-hydraulic system is creating opportunities for the automotive hydraulics system in upcoming years. On the other hand, factors such as user concerns regarding reduced noise, increasing uptime and reliability of hydraulic system and contamination of hydraulic fluids are creating challenges for automotive hydraulics system market in future years.
The Asia Pacific region is estimated to hold the largest share of global automotive hydraulics system in the year 2017. The segment is estimated to grow with the highest CAGR in the forecast period. The expansion of infrastructure development industry and increase in vehicle sales are expected to fuel automotive hydraulics system market in Asia Pacific region.
- Increasing Sales of Off-Highway Vehicles
- Increasing Vehicle Production
- Replacement of Hydraulic Systems With Fully Electrical Systems
- High Maintenance Cost of Hydraulic Systems
- Technological Advancements in Vehicle Braking and Suspension Systems
- Increasing Application Scope of Electro-Hydraulic Systems
- User Concerns Regarding the Noise, Uptime, and Reliability of Hydraulic Systems
- Contamination of Hydraulic Fluids
- Aisin Seiki
- Fte Automotive
- ZF Friedrichshafen
For more information about this report visit https://www.researchandmarkets.com/research/w7h9z4/2018_automotive?w=4